Subsidy for entrepreneurs

Subsidy for electricity and water supply of fish factories on land are financed via others income in Nukissiorfiit, and that arrangement costs Nukissiorfiit 43.3 million kroner in lost income in 2024. If similar subsidies are to be introduced for entrepreneurs and smaller businesses, there must therefore be another form of financing.

That writes Naalakkersuisoq for Business, Raw Materials, Energy, Justice and Equality Naaja H. Nathanielsen, (IA) among other things in a section 37 reply to member of Inatsisartut Napaartoq Petrussen, the Democrats.

Subsidy for electricity and water supply of fish factories on land are financed via others income in Nukissiorfiit, and that arrangement costs Nukissiorfiit 43.3 million kroner in lost income in 2024. If similar subsidies are to be introduced for entrepreneurs and smaller businesses, there must therefore be another form of financing.

That writes Naalakkersuisoq for Business, Raw Materials, Energy, Justice and Equality Naaja H. Nathanielsen, (IA) among other things in a section 37 reply to member of Inatsisartut Napaartoq Petrussen, the Democrats.

Examination of alternative options

Large companies such as Royal Greenland with their fish factories on land, receive subsidies for their electricity and water bills, while small private companies do not get it, which is a big financial burden, says Napaartoq Petrussen. He means therefore, that support should be introduced for electricity and water bills for entrepreneurs and small companies saw the conditions for small companies with production on land getting better.

According to Naaja H. Nathanielsen Naalakkersuisut generally supports everyone who promotes growth and development in the private business community, including entrepreneurs and smaller ones companies.

- It is important to note that the current discount scheme for land-based fish factories today are financed by other income from Nukissiorfiit.

- I 2024, the discount is DKK 43.3 million and there is also a loss of income for Nukissiorphyitis. This means that the costs are ultimately paid by everyone other customers and thus strain Nukissiorfiit's finances, says Naaja H. Nathanielsen.

Therefore, naalakkersuisoq emphasizes that a such new scheme should include an alternative funding model for entrepreneurs and smaller businesses that won't worsen Nukissiorfiit's finances or affect the prices of other customers.

New initiatives

Naalakkersuisut is currently preparing a strategy for the promotion of business that will assess a number of new initiatives for the benefit of entrepreneurs, including the possibilities for reforms, administrative relaxations and commercial measures.

According to information from the Department of Fisheries, Catching, Agriculture and Self-Sufficiency is there in connection with the preparation of the self-sufficiency strategy 2025-2030 have been investigated the possibilities of targeting and organizing food production and self-sufficiency with a view to establishing new ones companies.

- At the same time, DKK 1 million has been set aside annually in the Finance Act for 2026 to promote business promotion in the period 2026-2029, which focuses on self-sufficiency. These funds can form the basis of strategies that can be used outside Nukissiorfiit and thus create a more efficient and cost-effective structure.

- It is important that the fishing industry, including the large coastal fisheries and the land-based factories, get stable and predictable framework conditions. The fishing industry must still be a supporting economy and therefore it is important that it works in a stable way, says Naaja H. Nathanielsen in her answer.

The growth must be strengthened

Naaaah H. Nathanielsen emphasizes that the political goal is to strengthen growth in new industries, such as those producing for self-sufficiency in food.

- Several professions can develop side by side. Naalakkersuisut finds it difficult to see how some professions can be replaced by others to make room for development. In our strategy for growth and business, we will focus on, among other things on new initiatives that support entrepreneurship, including renovation, administrative relief and marketing measures, he says.

Naaaah H. Nathanielsen ends his paragraph 37 answer by saying that Naalakkersuisut works to continuously strengthen the framework for new business operators and entrepreneurs and gather knowledge.

One promising development

Napaartok Petrussen believes that it is important to understand how to develop one business program.

I today, large companies in the fishing industry are paid half of their expenses for electricity and water, but this is not the case with entrepreneurs and small businesses. And that should change.

- Several companies need good working conditions if they are to be sustainable, environmentally friendly and economically profitable.

- Therefore, he says, innovative companies that want to create jobs need a temporary halving of their electricity and water bills.

Napaartok Petrussen believes that the answers that Naalakkersuisut has given on this subject give a positive view of the future.